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Billionaire Cheng Family Selling Alinta Energy To Singapore’s Sembcorp For $4.3 Billion
- In a bourse filing on Thursday , Sembcorp Industries agreed to buy Alinta Energy and Latrobe Valley Power for A$6.5 billion, acquiring 100 per cent ownership through share purchases.
- Sembcorp framed the deal as its entry into Australia, an AAA-rated market that supports long-term investment and provides a platform to accelerate renewables growth toward a 25 gigawatts target by 2028.
- The purchase brings to Sembcorp around 1.1 million customers and around 3.4 gigawatts of generation, including five gas-fired plants, one wind farm and the Loy Yang B coal-fired power station in Victoria.
- Sembcorp said the deal will deliver immediate earnings and returns accretion, with completion expected in the first half of 2026; shares of Sembcorp closed S$5.82 before the update.
- The takeover needs approval from Australia’s Foreign Investment Review Board, which has previously delayed or blocked bids, while Australia’s fast energy transition faces challenges as Loy Yang B is slated to close by 2047.
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Singapore's Sembcorp Buys Australia's Alinta for $4.3 Billion in Renewables Push
(Bloomberg) — Sembcorp Industries Ltd. agreed to buy Australian power generator and retailer Alinta Energy Pty for A$6.5 billion ($4.3 billion) in enterprise value, furthering the Singaporean company’s ambitions to expand outside its home market.
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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